ASPIRUS HEALTH FOUNDATION INC (EIN 391256656) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

Principal Officer

MATTHEW HEYWOOD

Phone

7158472250

Tax Period

2024-07-01 to 2025-06-30

ASPIRUS HEALTH FOUNDATION INC, founded in 1976, is a community nonprofit in the Health Care sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $3.7M exceeded revenue, resulting in a 31% operating deficit.

Mission

WE HEAL PEOPLE, PROMOTE HEALTH, AND STRENGTHEN COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,106,071

Program Service Revenue $17,013

Investment Income $1,696,739

Other Revenue $26,622

TOTAL REVENUE $2,846,445

Expense Breakdown

Grants Paid $2,617,198

Salaries & Benefits $775,766

Fundraising Expenses $647,076

Program Expenses $2,617,198

Other Expenses $331,708

TOTAL EXPENSES $3,724,672

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,846,445	$1,569,249	+0.8%
Expenses	$3,724,672	$1,687,387	+1.2%
Net Income	$-878,227	$-118,138	+6.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$5,376,122

Total Directors

$1,909,335

Key Employees

$1,681,589

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER PETERSON MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$51,358	$1,048,631
JAMES MATHESON	BOARD MEMBER/SVP CHIEF STRAT. OFF.	1.00	Director	$0	$115,516	$860,704
STEWART ETTEN	CHAIR	1.00	Officer Director	$0	$0	$0
ELLIE REINECK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID KALLSTROM	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BRENT ARNDT	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIK CARLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LEAH KNIGHTS	BOARD MEMBER (TERM 10/24)	1.00	Director	$0	$0	$0
KSHITIJ KOHLI	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY MEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
KURT RUST	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN RYMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH SEWALL MD	BOARD MEMBER (TERM 09/24)	1.00	Director	$0	$0	$0
MATTHEW HEYWOOD	PRESIDENT & CEO ASPIRUS	2.00	Officer	$0	$361,440	$4,230,174
JERRY M YANG	SVP-CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$138,394	$815,634
LANNA SCANNELL	(NV) VP-SYSTEM PHILANTHROPY	40.00	Officer	$0	$45,137	$330,314
MICHAEL HOLZHUETER	SVP - CHIEF HR OFFICER	2.00	Key Emp	$0	$136,340	$1,016,165
ERIC ANDERSON	CHIEF COMPLIANCE OFFICER	2.00	Key Emp	$0	$99,581	$665,424
NOEL SONNEK	BOARD MEMBER (FORMER)/PHYSICIAN	1.00		$0	$41,248	$460,203
SIDNEY SCZYGELSKI	SVP OF FINANCE/CFO (FORMER)	2.00		$0	$37,990	$1,508,031

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$2,846,445	$3,724,672	$60,605,988	$-878,227
2024	No data	No data	No data	No data
2023	$2,190,511	$1,677,566	$39,784,164	$512,945
2022	$4,598,529	$2,052,531	$36,765,149	$2,545,998
2021	$2,276,548	$1,397,236	$42,241,795	$879,312
2020	$2,524,386	$1,677,457	$33,085,047	$846,929
2019	$5,879,664	$4,128,016	$34,913,378	$1,751,648
2018	$2,394,931	$1,522,588	$30,452,334	$872,343

ASPIRUS HEALTH FOUNDATION INC